Please refer to the following diagram 
If the supply curve is S, at a price of $2 there will be a
A. shortage of 1.
B. surplus of 1.
C. shortage of 2.
D. surplus of 2.
Answer: C
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Currently, the supply curve for human organs is perfectly inelastic
a. True b. False Indicate whether the statement is true or false
Which of the following is a good gauge of economic progress?
a. the level of real GDP per person, but not the growth rate of real GDP per person b. the level of real GDP per person and the growth rate of real GDP per person c. the growth rate of real GDP per person, but not the level of real GDP per person d. neither the level nor the growth rate of real GDP per person
Based on the graph showing the run-up of nominal home prices, between 2000 and 2006, home prices increased at______.
a. about the same pace they always had
b. a much slower pace than they always had
c. a much faster pace than they always had
d. a slightly faster pace than they always had
Refer to the information provided in Table 30.2 below to answer the question(s) that follow.
Table 30.2
Refer to Table 30.2. What is the real wage rate in 2017 using 2015 as the base year?
A. $4.21 B. $6.65 C. $7.37 D. $15.20